Bitcoin / Euro may fall to 53910 - 54590

56850 is our pivot point.

Our preference

The downside prevails as long as 56850 is resistance.

Alternative scenario

Above 56850, look for 57990 and 58670.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 56187 and 56503).

Supports and resistances

58670 **

57990 *

56850 **

56400

55950 last

54590

53910 **

53230 *

52550 **

Number of asterisks represents the strength of support and resistance levels.